Monday, April 25, 2011

MCX Trading Tips: Commodity Market News

Gold at new record high

Gold prices have hit a new record high of Rs 22, 815 per 10 grams.

Gold and silver traders bought the metal at record prices to stock for the upcoming Akshaya Tritya, a gold buying festival, and the wedding season expected to extend till May, providing underlying support to world prices, dealers said.
 
The most-traded gold for June delivery on the Multi Commodity Exchange (MCX) was trading 0.02% higher at Rs 22,130 per 10 grams, after hitting a record of Rs 22,172 earlier in the day.
 
Silver prices also surged, extending the previous session's gains, to hit another record. The white metal struck a new record of Rs 73,600 per kg on Monday afternoon.

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